Orange County Trust Company in Middletown, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches

Orange County Trust Company - Overview

  • General
  • FDIC Certificate #: 12944
    Status: Active
    Federal Reserve ID: 176101
    Bank Holding Company (Regulatory Top Holder): Orange County Bancorp, Inc. (RSSDID: 3596009, Location: Middletown, NY)
    Date Established: May 02, 1892
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 14523
    FDIC's unique #: 8187
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 75 North Street, Middletown, NY 10940
    County: Orange
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Newburgh, NY-PA (#5660)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Poughkeepsie-Newburgh-Middletown, NY (#39100)
    CBSA Metro Statistical Area: Poughkeepsie-Newburgh-Middletown, NY (#39100)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $632.9 mil
    Equity capital: $92.2 mil
    Deposits held in domestic offices: $447.8 mil
    Return on assets (ROA): 1.25% ($7.9 mil)
    Quarterly return on assets: 1.23% ($7.8 mil)
    Return on Equity (ROE): 8.55% ($7.9 mil)
    Quarterly return on equity: 8.35% ($7.7 mil)
    Net income: $7.6 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.62% ($10,253.0 mil)
    Quarterly Pretax return on assets: 1.62% ($10,253.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 113Total employees (full-time equivalent)
  • $632,901Total assets
  • $12,868Cash and due from depository institutions
  • $406Interest-bearing balances
  • $286,772Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $288,019Net loans & leases
  • $4,916Loan loss allowance
  • $0Trading account assets
  • $13,133Bank premises and fixed assets
  • $150Other real estate owned
  • $0Goodwill and other intangibles
  • $632,901Life insurance assets
  • $31,959All other assets
  • $540,750Total liabilities and capital
  • $447,765Total liabilities
  • $376,419Total deposits
  • $447,765Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $82,800Trading liabilities
  • $0Other borrowed funds
  • $10,185Subordinated debt
  • $92,151All other liabilities
  • $92,151Total equity capital
  • $92,151Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $90,151Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,454Income earned, not collected on loans
  • $0Earning assets
  • $2,844Long-term assets (5+ years)
  • $575,197Average Assets, year-to-date
  • $402,075Average Assets, quarterly
  • $607,510Volatile liabilities
  • $628,722Insider loans
  • $358,317FHLB advances
  • $617,061Loans and leases held for sale
  • $21,209Unused loan commitments
  • $15,797Tier 1 (core) risk-based capital
  • $89,435Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,412Total unused commitments
  • $46,043Restructured Loans and leases
  • $1,675Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,231Total interest income
  • $5,217Total interest expense
  • $21,014Net interest income
  • $1,300Provision for loan and lease losses
  • $3,529Total noninterest income
  • $1,177Fiduciary activities
  • $1,175Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,177Additional noninterest income
  • $14,356Total noninterest expense
  • $8,452Salaries and employee benefits
  • $2,059Premises and equipment expense
  • $3,845Additional noninterest expense
  • $8,887Pre-tax net operating income
  • $977Securities gains (losses)
  • $2,252Applicable income taxes
  • $7,612Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,612Net income attributable to bank
  • $0Net charge-offs
  • $7,612Cash dividends
  • $757Sale, conversion, retirement of capital stock, net
  • $2,999Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 8.55%Return on equity (ROE)
  • 5.18%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 171.73%Credit loss provision to net charge-offs
  • 13.46%Efficiency ratio
  • 58,493Assets per employee
  • 5.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.40%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 58.15%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 2.89%Net loans and leases to deposits
  • 64.32%Net loans and leases to core deposits
  • 75.79%Equity capital to assets
  • 14.56%Core capital (leverage) ratio
  • 14.49%Tier 1 risk-based capital ratio
  • 24.96%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $607,510Average earning assets
  • $89,048Average equity
  • $553,309Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $139,986Managed Assets
  • 1Number of Accounts
  • $136,196Personal trust and agency accounts
  • $35,621Employee benefit-defined contribution accounts
  • $2,509Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $13,759Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $84,307Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 383Number of Accounts
  • $0Personal trust and agency accounts
  • $13,759Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,790Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,616Fiduciary accounts held in foreign offices

List of branches

  • 9 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08187Orange County Trust Company75 North Street, Middletown, NY 10940May 02, 1892Full Service Brick and Mortar
    1228576Dunning Road Branch33 Trust Way, Middletown, NY 10940August 27, 1955Full Service Brick and Mortar
    2228577Dolson Avenue Branch212 Dolson Avenue, Middletown, NY 10940November 05, 1969Full Service Brick and Mortar
    3228578Montgomery Branch2093 Rt 208, Montgomery, NY 12549August 01, 1995Full Service Brick and Mortar
    5364926Vails Gate Branch376 Windsor Hwy, Vails Gate, NY 12584December 05, 2001Full Service Brick and Mortar
    6492785Chester Branch91 Brookside Avenue, Chester, NY 10918April 27, 2009Full Service Brick and Mortar
    7510347Goshen Branch146 North Church Street, Goshen, NY 10924December 21, 2009Full Service Brick and Mortar
    8510348Newburgh Branch78 North Plank Road, Newburgh, NY 12550May 24, 2010Full Service Brick and Mortar
    9521301Fishkill Branch701 Route 9, Fishkill, NY 12524April 25, 2011Full Service Brick and Mortar

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